NEWS
Budget 2025: Adeleke Presides Over Treasury Board Sittings, Tasks MDAs On Performance
Osun State Governor, Senator Ademola Adeleke chaired the Treasury Board meeting for the 2025 budget, on Thursday and issued a strong admonition to Ministries and Agencies to sustain budget performance on all fronts.
Members of the Treasury Board include the Deputy Governor, Prince Kola Adewusi; Secretary to the State Government, Hon Teslim Igbalaye; the Chief of Staff to the Governor, Hon Kazeem Akinleye; Head of Service, Elder Ayanleye Aina; Attoney General/HCJustice and HC Finance; the Accountant General; Chairman of State Internal Revenue Service among others.
ALSO READ: BREAKING: New Tax Reforms, Not Tweaked Against North – FG
The Governor scrutinised proposals of various Agencies submitted through the Ministry of Budget and Economic Planning.
The State Governor noted that presentations by the agencies are encouraging but called for a more innovative approach to Revenue and Expenditure process and practice in line with the fiscal procedures and extent laws.
According to the State Governor, the real value of federation allocations to the state has dwindled despite the slight increase in the nominal value but to have a sustainable budget performance for the good of the citizens, political heads and accounting officers should think out of the box by emphasizing high priority projects and programmes.
“I task heads of ministries and agencies to focus on high priority projects. The resources are limited, and our needs are much. So we have to balance both ends by avoiding frivolous programmes and emphasizing areas promoting the five point agenda of this administration.
“You are to conduct full due diligence on your various sectors and programmes. Revenue generation must be driven with vigour but with a human face. Value for money is also key in state expenditure”, the State Governor charged the various ministries and agencies led by the Commissioners and Special Advisers.
Earlier in his presentation, the Commissioner for Budget and Economic Planning, Prof. Moruf Ademola Adeleke assured that the report of the Treasury Board will be submitted to the State Executive Council for approval as a draft budget for presentation to the State Assembly.
He informed the Governor and other state officials that the budgetary process is on schedule to meet the timeline for final processing and approval by both the State Executive Council and the House of Assembly.
Sectors already covered by the Treasury Board meetings include Education, Solid minerals and infrastructure sectors. The board sitting continues today with the Permanent Secretary, Ministry of Budget and Economic Planning, Mrs Yetunde Esan, coordinating the process
NEWS
Shettima Arrives Lagos for Northwest Petroleum & Gas Headquarters Commissioning
Vice President Kashim Shettima has arrived in Lagos to commission the new corporate headquarters of Northwest Petroleum & Gas Company Limited.
Shettima, who is the Special Guest of Honour at the event, is expected to deliver the keynote address and officially commission the facility alongside Lagos State Governor Babajide Sanwo-Olu and other government and private-sector leaders.
SEE ALSO: UN Secretary-General Race: Shettima Says Nigeria Will Back Equity, Justice and Fairness
The development was disclosed by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President on Friday.
Northwest Petroleum & Gas Company Limited is an indigenous oil and gas company involved in the importation, supply, distribution and storage of petroleum products, as well as crude oil export activities.
The investment is being positioned in line with President Bola Ahmed Tinubu’s Renewed Hope agenda of mobilising private capital, strengthening indigenous businesses and expanding the role of the private sector in Nigeria’s economic development.
The Tinubu administration has continued to emphasise private-sector-led growth and investment mobilisation as key components of its development strategy, with a focus on job creation, increased productive capacity and a more competitive economy.
The commissioning brings together senior government officials and private-sector stakeholders as the administration seeks to encourage greater domestic investment and enterprise development.
NEWS
Peter Obi Reacts To Akwa Ibom Arrests, Says Independence Must Mean Real Freedom
Former Anambra State Governor and 2027 presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has reacted to reports of arrests involving members of the Obidient Movement in Akwa Ibom State, saying Nigeria’s independence means little without freedom.
Obi, in a statement posted on X on Friday, said citizens should be able to express themselves within the bounds of the law without fear.
SEE ALSO: ‘Nigerians Are Living as Displaced Persons in Their Own Country’ — Peter Obi
“As we continue to reflect on Nigeria’s Independence, we must remember that independence means very little if citizens cannot freely express themselves, within the bounds of the law, without fear,” he said.
His comment came after the reported arrest of Elijah Noah, the Akwa Ibom coordinator of the Obi-Kwankwaso Movement, during an attempted Independence Day march in Uyo.
Reports also said police fired tear gas as supporters gathered for the planned march, while Obidient Movement coordinator in the state, Dr Ben Smith, was later reportedly arrested after going to facilitate the release of detained members.
The development followed a directive by the Akwa Ibom State Police Command for political parties, groups and associations to reschedule rallies, meetings and processions planned for Independence Day, citing security concerns.
Reacting to the reports, Obi said the arrest of Nigerians for identifying with the Obidient Movement should concern anyone who believes in democracy and freedom.
“One of the greatest tragedies of our society is that people who once described themselves as freedom fighters can become defenders of oppression when they eventually occupy positions of authority,” Obi said.
He added that those who had previously complained about injustice should not become comfortable with it when it is perpetrated against people they disagree with.
“That must not be the Nigeria we accept,” he said.
Obi said Nigeria’s independence should ultimately mean freedom from fear, injustice, intolerance and abuse of power.
“Our independence must ultimately mean freedom from fear, injustice, intolerance and abuse of power.
“Nigeria must belong to all of us,” he added.
NEWS
NELFUND Payments: ‘We Now Have A Clear Schedule’ — Education Minister
The Minister of State for Education, Prof. Suwaiba Said Ahmad, has said the Nigeria Education Loan Fund (NELFUND) now has a clear schedule for student loan payments based on submissions from institutions.
Ahmad made the disclosure while responding to concerns over alleged delays in the payment of student loans.
The minister acknowledged that there were challenges when the scheme initially commenced but said NELFUND and institutions have become more familiar with the process.
SEE ALSO: NELFUND: ‘Have You Given Students ₦5,000 Scholarship?’ — NANS President Replies Dino Melaye
“I wouldn’t say there is much delay in the payment because as I said, NELFUND now has a clear schedule for payment based on submission from the institutions,” she said.
“When it started, I said we had issues, but now we are used to the system now. The universities are familiar with the system, NELFUND itself is more familiar with the institutions and how it works.”
Ahmad also explained that complaints about delays may sometimes arise from individual cases or misunderstandings of the payment process.
She further clarified that students are required to apply for the NELFUND loan every academic year and are not automatically covered for the duration of their programmes after their initial application.
“You need to apply every year because we don’t know whether you are still interested in getting that loan,” the minister said.
According to her, students’ financial circumstances can change, meaning that a student who required the loan in one academic year may no longer need it in another.
Ahmad stressed that students are not compelled to take the NELFUND loan, adding that those who wish to benefit must apply before they can be paid.
She disclosed that more than 1.6 million students have so far keyed into the NELFUND scheme.





